Nandani Creation SME IPO – Date, Price, Details

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Nandani Creation Limited is set to be listed on the NSE SME platform with its IPO in coming days. Check for price band and dates of Nandani Creation SME IPO along with company profile, Allotment Status, Listing Dates, and various other important and relevant details. They have already filed a Red Herring Prospectus and received the nod for the same from SEBI.

The IPO is scheduled for 28 September,2016 with a price band of Rs.28 Per Equity Share. The lot size of applying the IPO is for 4000 shares. The issue mandates all investors to apply to ASBA i.e. Application supported by Blocked amount only. The maximum application amount of retail investors stood at Rs. 2 lacs. Equity shares offering by the bank aggregating up to 14,44,000 worth Rs.404.32 Lakhs(Public Offer).

Company profile:

The Company was incorporated on February 21, 2012 based in Jaipur, Rajathan . It is offering women apparel like Kurties, sarees , ethnic tops, palazzo, patiyala salwars, suits, duppattas, quilted jackets dress materials etc. The company itself manufactures its products for marketing. JaipurKurti.com is its known brand name in the apparel market. The company offers various types of products like Kurties, with traditional designs having wide range of color, pattern & sizes.

The company has invested in Desi Fusion Private Limited and made its subsidiary which is offering the services of dyeing and printing of grey fabric. The firm collects raw material as running printed fabric printed fabric and or running dye fabric dye fabric from its subsidiary company Desi Fusion India Private limited or third parties. It is also delivering primary raw material grey cloth and get the running fabric manufactured on jobwork basis.

Outlook of the Firm:

Qualified and Experienced Management Team;
Offering qualitative products;
Correlation with Desi Fusion India Pvt. Limited;
Facilitates via e- retailing and online distribution network;
Successful business models to satisfy its customer ;
Offering various product range;
Good brand values.

Objects Of The Issue:

Need for the working capital;
General Corporate Purpose.

Summary Of Nandani Creation IPO:

Issue Open:-	28 September,2016- 3 October 2016
Issue Type	Book Build Issue IPO
Issue Size (Shares)	[1,444,000]Equity Shares of Rs. 10
Issue Size in (Value)	Rs.4.04 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs.28 Per Equity Shares
Market lots	4000 Shares
Minimum Order Quantity	4000 Shares
Listing At	NSE SME

The Public offer includes:- 1,444,000Equity Shares

Nandani Creation IPO Allotment Status

Nandani Creation IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

Click on the given link See Allotment Status here
Go to Application Status
Select IPO as Nandani Creation IPO
Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

Promoters Of the Company:

1) Anuj Mundra: He is 35 years old. He is Chairman and Managing Director of the company. He holds an experience more than a decade in textile industry.

2) Vandna Mundra: She is 35 years old. She is Whole-Time Director of the company. She holds four years of experience in apparel industry.

Financials:

Particulars		For the year/Period ended (Rs. in Lakh)
Financial Year	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Liabilities	531.07	205.79	152.80	32.85
Total Assets	531.07	205.79	152.80	32.85
Total Revenue	1419.82	482.49	189.72	59.20
Total Expenses	1354.09	477.67	187.98	58.93
Profit After Tax (PAT)	45.37	3.33	1.11	0.19